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Pinduoduo's annual gross profit 2016-2019

Pinduoduo, a Chinese social e-commerce app featuring group buying deals, achieved a rapid growth from 2016 to 2019. Inspite of a gross loss of 73 million yuan in the second year after establishment, the company managed to make a significant profit afterwards with a ten times surge between 2017 and 2018. The online group discounter went public on the Nasdaq in July 2018 and was ranked as the third in the top e-commerce retailers in China by eMarketer in 2018. In 2019, Pinduoduo generated a gross profit of 23.8 billion yuan.

Annual gross profit of Pinduoduo Inc. from 2016 to 2019

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Source

Release date

April 2020

Region

China

Survey time period

2016 to 2019

Special properties

fiscal year ending December 31

Supplementary notes

Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of June 2020).
Values have been rounded.

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